Lake Shore Asset Management launches new multi-asset fund

Date: Wednesday, February 7, 2007
Author: Hedgeweek.com

Lake Shore Asset Management has launched the Lake Shore Alternative Financial Asset Fund IV, offering investors exposure to nine global equity indexes, along with treasuries, currency derivatives, gold and oil via its weighting in Lake Shore' s three Alternative Class funds.

Diversification across three uncorrelated strategies leads to lower volatility and the potential to enhance returns through increased margin to equity ratios, the firm says. Lake Shore IV will operate at a margin to equity ratio 50 per cent higher than those of the underlying funds.

Lake Shore Funds I, II and III are all unleveraged, single-manager systematic trading programmes, which have a mandate to invest only in exchange-traded derivatives. Lake Shore IV is available for institutional and client referral, with a minimum initial investment of USD1m.

Lake Shore, whose flagship Program I has generated a 28.27 per cent compound annual return over its 13-year history, is a member of the US National Futures Association and is regulated by the Commodity Futures Trading Commission as a commodity trading advisor.

The group, which serves financial institutions and their clients in more than 40 countries through offices in Chicago, Geneva, Hong Kong, London and Toronto, provides services in multiple alternative asset classes through managed accounts, managed funds and structured products.

Lake Shore Funds I, II, III and IV are available through referring institutions only and are settled through Euroclear, Fundsettle and FundServ, among other regional platforms.